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I've been watching this stock for two years now and I don't...

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    I've been watching this stock for two years now and I don't think there has a been a more positive time for investing as there is now.

    Fundamentally speaking:

    The stock has just overcome major hurdles with the Kwale project fully financed and maintaining 100% ownership.

    Mineral sands prices are projected to stay high due to increasing demand from developing countries for luxury goods and a supply gap.

    Market conditions are improving albeit slower in the materials and resources sector. Confidence will return to these smaller stocks.

    Technically Speaking:

    The stock jumped on news of 100% ownership of Kwale and removal of risk.
    After the large jump obviously a correction was needed either in price or time. The stock chose a correction in time and seems to be in an accumulation phase not breaking below the strong resistance point of 35c. It has tested 35c and 38c twice now in the last 2 weeks and appears to be on the way back up to test 38c.
    The MACD appears to be leveling out ready for another boost upwards.
    Once this stock breaks 38c and 40c i can see it gaining momentum toward 45c and maybe 50+

    It's hard to say in these markets but I think the above positives may align and boost the stock higher.

    Negatives include the government cancellation of some exploration leases by the Kenyan Government, market sentiment, and other sovereign risks.

    Gotta risk something I suppose!

    No advice only my opinions.
 
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